TABLE OF CONTENTS
TITLE PAGE
APPROVAL PAGE
DEDICATION
ACKNOWLEDGEMENT
TABLE OF CONTENT
CHAPTER ONE INTRODUCTION
1.1 THE HISTORY OF TAX
1.2 PRESENT DAY OF TAXATION IN NIGERIA
1.3 STATEMENT OF PROBLEMS
1.4 OBJECTIVES OF STUDY
1.5 SIGNIFICANCE OF THE STUDY
1.6 DEFINITION OF TAX
REFERENCES
CHAPTER TWO - INTRODUCTION
2.1 TAX EVASION AND TAX AVOIDANCE
2.2 DEFINITION OF TAX EVASION
2.3 EVASION AS A DECISION OF RISK
2.4 EVASION BY FIRM
2.5 THREE MAIN STREAMS OF AVOIDANCE
2.6 ELIMINATION OF TAX EVASION AND TAX AVOIDANCE
2.7 IMPACT OF TAX EVASION AND TAX AVOIDANCE TO THE ECONOMY
2.8 TAXABILITY OF INCOME ILLEGAL TRADING
CHAPTER THREE- FINDINGS OF RECOMMENDATION
3.1 FINDINGS
3.2 RECOMMENDATION
3.3 CONCLUSION
REFERENCE
INTRODUCTION
In Nigeria their so many form of taxation dating back of the
days of our great ground father whose by communities dated themselves through communal labour to prosecute community projects.
Taxation is process on machinery by which group or communities made contribution from their income in some agree amount and method for the purpose providing amentias for the society. It is because of this it I often referred to as civic responsibility.
It is important to note that the present tax has in Nigeria was been out of the Rouseman’s Commission of inquiry of last.
But before that, we only had what was called the income tax ordinance for the colonies and which was very similar Raismars recombine nature was the basis for providing in section to, subsection of the Nigeria prospects for reform (Anarticle published in Business Time on May 20, 1786).
Taxation can be divided in two basic profiles we have the direct taxation and indirect tax is based on ascertainment of income rather on individual a group of individuals co-operate bodies and institution under this was have personal income tax and company income tax. The personal income is one which of individual is assessed and resident by the state on those individual resident in the state, which the companies income tax is cleared on corporate bodies is the responsibility of federal government through the federal board of inland revenue indirect taxation is lived on consumption of goods or services and each of consumption.
In various countries, various government rely heartily on taxation on as in aid to encouraging capital formation policy.
In a developing economy, tax may be collected strutted in such way that the high may be collected and even raise revenue for the economy of the country.